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4/02/2015

Yalumba announces major reshuffle

Nick Waterman has been announced as Yalumba’s new CEO, as Robert Hill Smith leaves the position to become chairman of the Yalumba Board of Directors.

After more than 30 years leading Australia’s oldest family owned winery as CEO, Hill Smith will step down to replace current chair Peter Barnes, who is retiring from his role after 12 years.

Hill Smith said Barnes has been a tremendous mentor and chair over the years and will be sorely missed by the company.

Current chief operating officer at Yalumba, Nick Waterman will move into his new position on March 7, where he will lead all of the company’s business units.

Last year, Yalumba announced a series of changes to its management structure, shuffling employees from Samuel Smith & son and Negociants to build a "formidable front row", according to Hill Smith.

"This business that we are engaged in today is so turbulent, volatile and increasingly complex at the commercial end, that we rarely if ever get time to get ourselves away from the operational duties of the day to focus on higher level, longer term thinking," he said.

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